Find a fire restoration company/contractor to walk the property with you and give you a good understanding as to what needs to be done.Lastly, I would not be too quick to disregard @Mark Fries ‘ advice.

Some people don't want to deal with the extra tax return and run payroll for an S Corp vs a Disregarded Entity/Sole Prop, even when material tax savings is involved.Good for a discussion with your tax pro.

What they are asking you to do in effect, is take all the money up front and disregard their credit and manage their finances for them , which they are perfectly capable of doing themselves.

that "disregarded" LLC does not file it's own tax return. 

I mean I hate how they are pushed out and disregarded but I'm not prepared to make myself lose over it. 

Don't forget, besides asset protection there is tax efficiency...All single member LLC's are considered disregarded entities to the Federal IRS by default. 

If your LLCs are disregarded entities it's not an issue at all. 

Even disregarding the states and municipals, the US government will finish this year some apocalyptic $30T in debt. 

For better or worse, remember the single member LLC is a disregarded entity anyway. 

The only way their 1031 would be valid is if they transferred it to a disregarded entity for the current title holder.